Sunrun Says Deceptive Short Seller Muddy Waters Once Again Has Its "Facts" Wrong
Portfolio Pulse from Benzinga Newsdesk
Sunrun (NASDAQ:RUN), a leading provider of residential solar, storage and energy services, has responded to a report by short-seller Muddy Waters, claiming it contains gross inaccuracies. Muddy Waters has allegedly attempted to manipulate Sunrun's share price by comparing incomparable data from the Energy Information Administration (EIA) and Sunrun's reported Subscribers count. Sunrun has defended its reporting of metrics and financial statements, stating that Muddy Waters does not understand GAAP accounting for leased systems.
October 25, 2023 | 7:48 pm
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Sunrun has refuted a report by Muddy Waters, which it claims contains gross inaccuracies and attempts to manipulate its share price. Sunrun has defended its reporting of metrics and financial statements.
The news directly pertains to Sunrun and its share price. The company's strong rebuttal against Muddy Waters' report could potentially neutralize any negative impact on its share price. However, the situation could also create uncertainty among investors, which might affect the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100